The naira strengthened against the US dollar following the Christmas holiday break, as revealed by recent data from FMDQ.
On Friday, the naira improved to N1,534 per dollar, up from N1,540.45 recorded on Tuesday, marking a gain of N6.45. In contrast, the black market saw the currency close at N1,650 per dollar on Friday, a slight shift from the range of N1,638 to N1,650 observed earlier on Tuesday.
This fluctuation highlights the ongoing volatility of Nigeria’s currency in recent days. Furthermore, FX turnover in the market reached a significant milestone, totaling N23.95 trillion by the end of November 2024, according to FMDQ data.
